“Look at advertised roles in your industry as well, but benchmark capability and knowledge as well as salary.”

Timing is important, too.

Sure, you can ask for a pay rise any time you want, but certain moments are more opportune than others –such as during a performance review, or when your company has exceeded its quarterly or annual profit forecast.

The unwritten rule is this: unless your responsibilities have changed dramatically, do not ask for a pay rise more than once a year – otherwise you’ll just look greedy.

And it goes without saying, perhaps, but never approach your boss when he’s busy – instead, try and pick a moment when he’s likely to be more relaxed (in the pub after work is a definite no-no, folks), like after lunch. Better still, ask to arrange a meeting.